NABARD to grow balance sheet by 14%

The National Bank for Agriculture and Rural Development (NABARD) expects to expand its balance sheet by Rs 30,000 crore in 2012-13 financial year on a pick-up in agriculture activity. It has sought Rs 5,000 crore more capital from the central government to support it’s growth.

The Chairman of NABARD, Prakash Bakshi said the balance sheet may cross Rs 2,10,000 crore by March 2013. It had expanded 14.6 per cent to Rs 1,82,075 crore in 2012 from Rs 1,58,872 crore a year ago. In 2009-10, it had grown 16.6 per cent to Rs 1,36,292 crore.